China's Ministry of Commerce and 7 other departments issued the 2026 Vehicle Trade-In Subsidy Implementation Rules, setting maximum subsidies of ¥20,000 for NEV scrap-and-replace and ¥15,000 for ICE vehicles. Replacement subsidies cap at ¥15,000 for NEVs and ¥13,000 for ICE models. Funding comes from ultra-long-term special treasury bonds with central-local cost sharing.
3383 hours ago
On June 18, 2026, five Chinese ministries jointly launched the annual NEV rural promotion program with 155 models in the recommended catalog, covering the 30,000-300,000 yuan price range. Trade-in subsidies have no quota limits, and rural consumers can enjoy combined benefits of up to 40,000 yuan.
41625 days ago
Starting in H2 2026, China's NEV vehicle and vessel tax policies enter an adjustment period, aligning with ICE standards. The purchase tax is halved to 5%. In May 2026, NEV penetration reached 47.7%. Trade-in subsidies offer up to RMB 20,000. For Central Asian and Russian buyers, these changes impact export pricing and competitiveness.
38242 days ago
China's NEV penetration reached a record 61.4% in April 2026, yet behind the headline lies a "phantom sales" concern. Price-driven volume, dealer inventory at alarming levels, and discount rates exceeding 15% suggest the market is透支ing its own health. This article decodes the structural risks beneath the penetration milestone for overseas buyers seeking to understand the real China market landscape.
26276 days ago
EX1000
